AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Results of the Annual General Meeting of Altron held on 10 July 2019 Results of the Annual General Meeting of Altron held on 10 July 2019 Allied Electronics Corporation Limited (Registration number 1947/024583/06) (Incorporated in the Republic of South Africa) Share code: AEL ISIN: ZAE000191342 ("Altron" or "the company") RESULTS OF THE ANNUAL GENERAL MEETING OF ALTRON HELD ON 10 JULY 2019 Shareholders are advised that the results of the business conducted at the Altron annual general meeting held on Wednesday, 10 July 2019 at 09:00 in the Altron Boardroom, 4 Sherborne Road, Parktown, Johannesburg are as follows: Total issued number Total number of Number of ordinary Percentage of of ordinary shares voteable shares shares represented at ordinary shares the meeting represented at the meeting 399 392 937 371 212 857 333 562 120 89.86% Annual financial statements The annual financial statements of the company, incorporating the external auditor, audit committee and directors´ reports for the year ended 28 February 2019, were presented. Details of the results of voting at the annual general meeting are as follows: Votes disclosed as Shares voted Shares percentage in relation to total disclosed as abstained number of shares voted at the a percentage disclosed as meeting in relation to a percentage the total in relation to issued share the total capital issued share capital Resolutions For Against Ordinary resolution 99.80% 0.20% 83.50% 0.02% number 1.1: Election of director: Dr P Mnganga Ordinary resolution 99.85% 0.15% 83.50% 0.02% number 1.2: Election of director: Mr C Miller Ordinary resolution 99.81% 0.19% 83.50% 0.02% number 2.1: Re- election of director: Mr MJ Leeming Ordinary resolution 90.58% 9.42% 82.49% 1.03% number 2.2: Re- election of director: Mr RE Venter Ordinary resolution 99.80% 0.20% 83.50% 0.01% number 3: Re- appointment of external auditor Ordinary resolution 100% 0% 83.50% 0.02% number 4.1: Election of audit committee member: Mr GG Gelink Ordinary resolution 99.98% 0.02% 83.50% 0.02% number 4.2: Election of audit committee member: Mr SW van Graan Ordinary resolution 100% 0% 83.50% 0.02% number 4.3: Election of audit committee member: Ms BJ Francis Ordinary resolution 93.40% 6.60% 83.48% 0.04% number 5: Endorsement of Altron Group Remuneration Policy Ordinary resolution 98.23% 1.77% 83.50% 0.01% number 6: Endorsement of implementation of Altron Group Remuneration Policy Ordinary resolution 96.01% 3.99% 83.50% 0.02% number 7: General authority to directors to allot and issue authorised but unissued A ordinary shares Ordinary resolution 90.63% 9.37% 83.50% 0.02% number 8: Amendment to The Altron 2009 Share Plan Ordinary resolution 99.98% 0.02% 83.50% 0.01% number 9: Authority to implement resolutions passed at the AGM Special resolution 99.99% 0.01% 83.50% 0.02% number 1: Remuneration of independent non- executive chairman Special resolution 100% 0% 83.50% 0.02% number 2: Remuneration of non- executive directors Special resolution 100% 0% 83.50% 0.02% number 3.1: Remuneration payable to audit committee chairman Special resolution 100% 0% 83.50% 0.02% number 3.2: Remuneration payable to audit committee member Special resolution 99.98% 0.02% 83.50% 0.02% number 3.3: Remuneration payable to remuneration committee chairman Special resolution 99.98% 0.02% 83.50% 0.02% number 3.4: Remuneration payable to remuneration committee member Special resolution 100% 0% 83.50% 0.02% number 3.5: Remuneration payable to risk management committee chairman Special resolution 100% 0% 83.50% 0.02% number 3.6: Remuneration payable to risk management committee member Special resolution 99.98% 0.02% 83.50% 0.02% number 3.7: Remuneration payable to nomination committee chairman Special resolution 99.98% 0.02% 83.50% 0.02% number 3.8: Remuneration payable to nomination committee member Special resolution 99.98% 0.02% 83.50% 0.02% number 3.9: Remuneration payable to social and ethics committee chairman Special resolution 99.98% 0.02% 83.50% 0.02% number 3.10: Remuneration payable to social and ethics committee member Special resolution 100% 0% 83.50% 0.02% number 3.11: Remuneration payable to investment committee chairman Special resolution 100% 0% 83.50% 0.02% number 3.12: Remuneration payable to investment committee member Special resolution 100% 0% 83.50% 0.02% number 4: Remuneration payable to non-executive directors for participating in special/ unscheduled board meetings and strategy sessions Special resolution 99.47% 0.53% 83.50% 0.02% number 5: General authority to provide financial assistance to related or inter-related companies Accordingly, all the resolutions as set out in the notice of annual general meeting, were passed by the requisite majority of votes. The special resolutions will, to the extent necessary, be filed and registered with the Companies and Intellectual Property Commission. Johannesburg 10 July 2019 Sponsor: Investec Bank Limited Date: 10/07/2019 11:27:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.